Insurer Munich Re and Germany’s KfW Development Bank are introducing a state-backed program to mitigate the financial risk of geothermal drilling and encourage exploration for the renewable heat and power source. Geothermal power is an abundant energy source that can …

A woman who allegedly pushed razor blades into loaves of bread at two Biloxi, Mississippi, Walmart stores was arrested on Tuesday. Camille Benson, 33, of Texas, has been charged with attempted mayhem. Her bond is set at $100,000. Harrison County …

This edition of International People Moves details appointments at Markel Insurance and Tokio Marine Kiln. A summary of these new hires follows here. Markel Int’l Taps AXIS’ Howell as Senior War and Terrorism Underwriter Markel Insurance, the insurance operation within …

Plans to “carry out an attack” in New Orleans were thwarted after an ex-Marine was arrested while on the way to the Louisiana city with guns and body armor in the car, according to court documents obtained Tuesday by The …

Texas Department of Insurance (TDI) Deputy Commissioner Jamie Walker won this year’s Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC). NAIC President Jon Godfread said, “Walker’s career reflects remarkable …

United Pride Dairy LLC, a dairy farm in Phillips, Wisconsin, violated federal law when it subjected three employees of Mexican origin to disparate treatment in the terms and conditions of employment, and also subjected a female employee to sexual harassment, …

After celebrating Donald Trump’s second presidential term by swilling cocktails and partying to Snoop Dogg at a pre-inauguration event in January, the crypto industry went on to notch major legislative and regulatory victories this year. But the party may not …

BMS Group Ltd, the London-based re/insurance broker, this week announced a strategic partnership in India with Berns Brett India as well as the launch of BMS (DIFC) Ltd., in Dubai, with immediate effect. BMS has acquired a minority stake in …

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of pet health insurance provider Independence American Insurance Co. (IAIC). The outlooks …

Oil tankers hauling Russian crude across the Black Sea are taking a roundabout route along the coastlines of Georgia and Turkey — a measure that might help them to reduce the risk of being targeted by Ukrainian sea drones. Vessel …

More than 450 people are suing Japan’s government and seeking damages of 1,000 yen ($6) each, alleging one of the world’s top greenhouse gas emitters isn’t doing enough to combat global warming. The lawsuit, filed Thursday at the Tokyo District …

When Albania appointed the world’s first AI-powered cabinet minister in September 2025 in an effort to help stamp out corruption from public procurement, reactions ranged from optimism to disbelief. Whether symbolic or substantive, the announcement underscored a deeper reality: artificial …

President Donald Trump signed an executive order Thursday pressuring states not to regulate artificial intelligence. Trump and some Republicans argue that the limited regulations already enacted by states, and others that might follow, will dampen innovation and growth for the …

Alphabet Inc.’s Google filed a lawsuit against alleged Chinese cybercriminals, accusing the group of orchestrating a vast phishing campaign designed to dupe Americans into turning over their credit card numbers. The group, which Google refers to as “Darcula,” developed a …

Wells Media Group Inc. today announced the 2026 Insurtech + AI Demo Day events calendar, a lineup of virtual events featuring live demos of the AI and technology tools and innovations shaping the insurance industry. The series is presented by …

A money manager at Carl Icahn’s investment firm is suing Bausch + Lomb Corp. and his billionaire employer, alleging he was discriminated against for being White. The manager, Steven Miller, claims he wasdenied a board seat when the activist investor …

German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender. The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed …

Scope Ratings, which brands itself as Europe’s home-grown alternative to S&P, Moody’s and Fitch, plans a U.S. expansion drive and a stock market listing in the coming years, its founder and chief executive has told Reuters. Berlin-headquartered Scope has seen …

It began with “door knockers” – the all-too-familiar practice of roofing companies telling homeowners that they could get a new roof with little or no out-of-pocket expense. North Carolina Farm Bureau Insurance, the second-largest property insurer in the state with …

A lawyer for the family of late pitcher Tyler Skaggs argued that the Los Angeles Angels’ failure to investigate reports of drug use and dealing by the team’s communications director led to the overdose death of the 27-year-old player. An …